NVR’s total risk of loss related to contract land
deposits as of June 30, 2014 and December 31, 2013, was
as follows:
|
|
|
|
|
|
|
|
|
|
|
June 30, 2014 |
|
|
December 31, 2013 |
|
Contract land deposits
|
|
$ |
309,677 |
|
|
$ |
296,646 |
|
Loss reserve on contract land deposits
|
|
|
(55,869 |
) |
|
|
(59,761 |
) |
|
|
|
|
|
|
|
|
|
Contract land deposits, net
|
|
|
253,808 |
|
|
|
236,885 |
|
Contingent obligations in the form of letters of credit
|
|
|
6,427 |
|
|
|
2,459 |
|
Contingent specific performance obligations (1)
|
|
|
1,505 |
|
|
|
1,707 |
|
|
|
|
|
|
|
|
|
|
Total risk of loss
|
|
$ |
261,740 |
|
|
$ |
241,051 |
|
|
|
|
|
|
|
|
|
|
(1) |
At June 30, 2014 and
December 31, 2013, the Company was committed to purchase 10
and 13 finished lots, respectively, under specific performance
obligations. |
|